LiveWire Group, Inc. (LVWR) vs Malibu Boats, Inc. (MBUU)

LiveWire Group, Inc. and Malibu Boats, Inc. are both Recreational Vehicles companies. Malibu Boats, Inc. is the larger, with a market value of $468.5M against $135.6M — 3.5× the size. LiveWire Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Malibu Boats, Inc. trades at 354×. LiveWire Group, Inc. grew revenue faster over the last twelve months: 31.3% against 13.3%. Malibu Boats, Inc. has the higher net margin (0.18% vs −234.5%) and the higher return on invested capital (0.31% vs −125.9%). Across the 19 metrics below, Malibu Boats, Inc. leads on 14 and LiveWire Group, Inc. on 5.

Valuation

Metric LVWR MBUU Recreational Vehicles median
P/E n/m 353.86 23.83
P/S 4.06 0.52 0.61
P/B 10.66 0.90 1.05
Price to free cash flow n/m 11.07 10.99
EV/EBITDA n/m 12.12 9.68
EV/Sales 4.85 0.62 0.78
Earnings yield (59.68%) 0.28% (0.05%)
Free cash flow yield (40.03%) 9.03% 6.91%

Profitability

Metric LVWR MBUU Recreational Vehicles median
Gross margin (10.86%) 16.02% 20.94%
Operating margin (230.90%) 0.34% (0.16%)
Net margin (234.48%) 0.18% (1.59%)
Free cash flow margin (162.66%) 4.72% 5.37%
Return on equity (160.16%) 0.32% 0.00%
Return on assets (64.43%) 0.19% 0.00%
Return on invested capital (125.87%) 0.31% 0.00%

Growth

Metric LVWR MBUU Recreational Vehicles median
Revenue growth (TTM) 31.33% 13.25% 4.05%
EPS growth (last fiscal year) 19.57% (88.16%) (5.83%)
Revenue growth, 5-year CAGR (3.62%) (0.26%) 3.46%
Net income growth, 5-year CAGR 0.00% (56.80%) 0.00%

Health

Metric LVWR MBUU Recreational Vehicles median
Debt to equity 6.44 0.31 0.54
Current ratio 4.16 1.43 1.81
Net debt to EBITDA 0.12 1.93 0.17

Dividend

Metric LVWR MBUU Recreational Vehicles median
Dividend yield — — 2.48%
Payout ratio — — 0.53

Size

Metric LVWR MBUU Recreational Vehicles median
Market cap 135.57m 468.53m 494.55m

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